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Structuring Partnership and LLC Compensation

Content Provider
American Law Institute CLE
Product
CLE
Run Time
90 Minutes
Recording Date
11/22/2022
Presenter(s)
Kara Altman, Whit Cocanower
Learning Method
On-Demand Training
Practice Area
Taxation, Corporate and Business Law

Price $259.00

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Description

Oftentimes in LLCs and partnerships, compensatory partnership interest is intertwined with operational issues and dependent upon performance and profit. Structuring equity compensation plans that address business success as well as tax considerations is key to avoiding common pitfalls that can lead to disastrous tax consequences and disharmony between equity members. As counsel, you must be aware of the range of scenarios and traps and know how to appropriately address these complicated compensation issues when advising on compensation income. What You Will Learn There are a wide range of standard and alternative compensation options for equity members of LLCs and partnerships, each bringing a set of advantages and disadvantages. Join us for this 90-minute webcast that will review the fundamental aspects and tax considerations in structuring equity compensation arrangements used by LLCs and partnerships. Topics include: Partnership interest Profits interest Profits Interests vs. capital interests Dual status of partners Self-Employment Contributions Act

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved1.50General12/31/2023
AlaskaApproved1.50GeneralOn-going
ArizonaApproved1.50GeneralOn-going
ArkansasApproved1.50GeneralOn-going
CaliforniaApproved1.50Participatory12/31/2027
ColoradoPending State Response0.00
ConnecticutApproved1.50GeneralOn-going
DelawareApproved1.50General11/21/2024
FloridaApproved2.00General08/31/2024
GeorgiaApproved1.50General12/31/2023
HawaiiApproved1.50General12/27/2024
IdahoApproved1.50General11/21/2027
IllinoisApproved1.50General01/09/2025
IndianaApproved1.50General03/12/2024
IowaApproved1.50General11/21/2023
KansasApproved1.50General01/05/2024
KentuckyApproved1.50General06/30/2023
LouisianaApproved1.50General01/05/2024
MaineApproved1.50General03/05/2025
MinnesotaApproved1.50General02/08/2024
MississippiApproved1.50General01/05/2024
MissouriApproved1.80GeneralOn-going
MontanaPending State Response0.00
NebraskaApproved1.50General11/21/2024
NevadaPending State Response0.00
New HampshireApproved1.50General11/21/2025
New JerseyApproved1.50GeneralOn-going
New MexicoApproved1.50General11/21/2027
New YorkApproved1.50SkillsOn-going
North CarolinaPending State Response0.00
North DakotaApproved1.50General11/21/2025
OhioApproved1.50General12/31/2023
OregonApproved1.50General11/21/2025
PennsylvaniaApproved1.50General01/05/2025
Puerto RicoApproved1.02General03/05/2024
Rhode IslandApproved1.50General06/30/2023
South CarolinaApproved1.50General12/31/2023
TennesseeApproved1.50General01/05/2024
TexasApproved1.50General01/21/2024
UtahApproved1.50General12/31/2023
VermontApproved1.50GeneralOn-going
VirginiaApproved1.50General10/31/2023
WashingtonPending State Response0.00
West VirginiaApproved1.80GeneralOn-going
WisconsinApproved1.00GeneralOn-going
WyomingApproved1.50General01/05/2024